• Alfa Laval AB average gross margin for 2023 was 32.86%, a 6.25% increase from 2022.
• Alfa Laval AB average gross margin for 2022 was 35.05%, a 0.34% decline from 2021.
• Alfa Laval AB average gross margin for 2021 was 35.17%, a 3.29% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.